Sierra Leone is stepping up efforts to attract upstream investment, highlighting its offshore oil and gas potential and upcoming licensing opportunities at the Invest in African Energy (IAE) Forum in Paris.
Foresea has secured a long-term contract with Petrobras to operate the ultra-deepwater drillship ODN I offshore Brazil, adding approximately $465 million to the company’s backlog.
Saudi Arabia has ramped up crude shipments from Yanbu export terminals on the Red Sea coast as it diverts supplies away from the Persian Gulf and the Strait of Hormuz, which Iran has kept effectively closed since the end of February.
Iran said it rejected a US ceasefire proposal and maintained attacks on Israel and Gulf Arab states, delivering a blow to Washington’s efforts to end a war that’s wreaked havoc across the Middle East and global markets.
Commodity analysts have revised their outlooks for global liquefied natural gas supply down by some 35 million tons as a result of the production and export disruptions stemming from the war in the Middle East.
Oil edged lower as traders deciphered contradictory messaging surrounding a diplomatic push by the US to end the war with Iran.
Nigeria has slashed the time it takes to approve applications to revive idle oil wells from weeks to hours as Africa’s top crude producer seeks to take advantage of high energy prices.
Indian refiners have struck deals for the purchase of some 60 million barrels of Russian crude oil, to be delivered in April, Bloomberg reported today, citing unnamed sources familiar with the developments.
Japan will begin tapping oil stockpiles jointly held with producing countries by the end of March as it escalates emergency measures to address supply disruptions due to the Middle East crisis, Prime Minister Sanae Takaichi said on social media on Tuesday
SBM Offshore has been awarded FEED contracts by ExxonMobil Guyana for a new FPSO destined for the Longtail development in Guyana, SBM Offshore announced on Tuesday.